Jun 6, 2012 The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.
Jun 6, 2012 There was no cut in interest rates from the European Central Bank today, but some would like the ECB to take action soon.
Jun 21, 2012 Italians are holding out hope that a meeting of European leaders on June 28 will prove to be a turning point in the euro crisis.
Jun 5, 2012 Finance ministers from the world's seven leading industrialized nations are holding an emergency conference call today to discuss the eurozone crisis.
Jun 5, 2012 Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.
Jun 21, 2012 The spotlight of the eurozone crisis moves to Spain, but no one has forgotten Greece. While the official unemployment rate there is above 21 percent, many more are working without pay.
Jun 4, 2012 Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.
Jun 4, 2012 Today three big banks in Portugal were forced to draw on $8.25 billion worth of European Union bailout money to weather the current financial storm. Portugal has been slogging through very tight budgets in order to be eligible for money like this.
Jun 1, 2012 A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.